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20121201
20121231
Search Results 0 to 4 of about 5 (some duplicates have been removed)
the president. then democrats, labor unions, the aarp saying we don't need to cut medicare. touch social security. every time you have a short-term play, the special interests on both sides dig in and until they erase the trust deficit, every time they do it, they make it harder to do the big stuff. >> ken, notwithstanding the problems whef outlined in this conversation and the problems coming from washington, there is some economic renaissance going on. we've got low energy prices, manufacturing input. this housing boom with more interest rating here to stay for a couple of years. is there enough that can happen in this economy to off set what's happening? >> we can't ignore them. i wish i could say that. if they blow it, there's nothing we can do, but i think the risks are becoming more balanced where things like the housing recov recovery, consumer debt coming down are start tog offer the possibility where growth might be a little stronger. although on the other hand, the europe and many things you mentioned, all these uncertainty mentioned it could be lower. we're less vulnerable tha
. steve forbes saying fight, fight. pressure the president. then you have democrats, labor unio unions, the aarp saying we don't need to think about raising the retirement age. every time you have a short term play special interest dig in. until they erase the trust deficit, every time they do it incrementally they make it harder to do the big stuff. >> notwithstanding the problems in this conversation and notwithstanding problems from washington, there is some economic renaissance that's brewing under the surface here. we have an energy boom going on, low energy prices. we have manufacturing output increasing in this country. we have the housing boom with low interest rates to stay for a couple of yearses. is there enough that could happen that could offset what's going on in washington? can we grow our way out of this? >> we can't ignore them. if they blow it, there is nothing we can do. the risks are becoming more balanced where things like the housing recovery, consumer debt coming down are starting to offer the possibility where growth might be stronger although it could be lower.
taken place not only in the u.s. but in fact, in every developed country from the uk, the european union and japan. >> and just to interrupt you, sean, that's probably why everybody says all of this money printing will lead to inflation. one of the reasons it hasn't really is because everybody's doing it. >> there's that reason and there's the underutilization, both in terms of the employment and also in terms of planned capacity. in fact, there are two different views of the investment universe under the current conditions. one is that all this money printing is masking miserable underlying conditions, that real wages haven't increased very much and the economy is in terrific shape. the other view is that the economy is okay and that this additional money printing will result in risk assets increasing in value. and you know, people in our shop, some people have the one view, other people have the other view. it's very interesting. we're in unusual times when additional research will go a long way in pointing out the mine fields. that's where we spend our time. >> that's where you do spe
Search Results 0 to 4 of about 5 (some duplicates have been removed)

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